CRH plc (NYSE:CRH) Shares Sold by Cibc World Markets Corp

Cibc World Markets Corp lowered its stake in CRH plc (NYSE:CRH) by 22.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 30,898 shares of the construction company’s stock after selling 9,140 shares during the quarter. Cibc World Markets Corp’s holdings in CRH were worth $2,859,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the stock. Arkadios Wealth Advisors lifted its position in CRH by 4.9% in the fourth quarter. Arkadios Wealth Advisors now owns 2,335 shares of the construction company’s stock valued at $216,000 after buying an additional 109 shares during the last quarter. First Eagle Investment Management LLC lifted its position in CRH by 3.2% in the fourth quarter. First Eagle Investment Management LLC now owns 4,367 shares of the construction company’s stock valued at $405,000 after buying an additional 136 shares during the last quarter. MassMutual Private Wealth & Trust FSB lifted its position in CRH by 18.3% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 971 shares of the construction company’s stock valued at $90,000 after buying an additional 150 shares during the last quarter. Manitou Investment Management Ltd. lifted its position in CRH by 1.4% in the fourth quarter. Manitou Investment Management Ltd. now owns 11,203 shares of the construction company’s stock valued at $1,037,000 after buying an additional 160 shares during the last quarter. Finally, Graypoint LLC lifted its position in CRH by 5.4% in the fourth quarter. Graypoint LLC now owns 3,315 shares of the construction company’s stock valued at $307,000 after buying an additional 170 shares during the last quarter. Institutional investors and hedge funds own 62.50% of the company’s stock.

CRH Stock Performance

CRH stock opened at $97.55 on Friday. The company’s 50 day moving average price is $99.75 and its 200 day moving average price is $96.27. CRH plc has a fifty-two week low of $71.18 and a fifty-two week high of $110.97. The firm has a market capitalization of $66.03 billion, a price-to-earnings ratio of 19.51, a PEG ratio of 1.15 and a beta of 1.30.

CRH Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 16th. Investors of record on Friday, March 14th will be issued a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a yield of 1.52%. This is an increase from CRH’s previous quarterly dividend of $0.23. The ex-dividend date of this dividend is Friday, March 14th. CRH’s dividend payout ratio is 15.51%.

Analyst Ratings Changes

A number of analysts have issued reports on CRH shares. JPMorgan Chase & Co. cut their price target on shares of CRH from $118.00 to $114.00 and set an “overweight” rating on the stock in a research note on Tuesday, March 11th. Berenberg Bank set a $120.00 price target on shares of CRH in a research note on Friday, February 28th. Citigroup cut their price target on shares of CRH from $120.00 to $115.00 and set a “buy” rating on the stock in a research note on Monday, January 6th. Finally, StockNews.com upgraded shares of CRH from a “hold” rating to a “buy” rating in a research note on Thursday, February 27th. One investment analyst has rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, CRH currently has a consensus rating of “Buy” and an average target price of $109.25.

CRH Profile

CRH plc, together with its subsidiaries, provides building materials solutions in Ireland and internationally. It operates through four segments: Americas Materials Solutions, Americas Building Solutions, Europe Materials Solutions, and Europe Building Solutions. The company provides solutions for the construction and maintenance of public infrastructure and commercial and residential buildings; and produces and sells aggregates, cement, readymixed concrete, and asphalt, as well as provides paving and construction services.